MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stake in Visteon Co. (NASDAQ:VC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,620 shares of the company's stock after selling 5,819 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.20% of Visteon worth $4,935,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Visteon by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock valued at $258,106,000 after purchasing an additional 16,442 shares during the period. American Century Companies Inc. raised its stake in Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after acquiring an additional 536,073 shares during the period. Invesco Ltd. raised its stake in Visteon by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock worth $105,090,000 after acquiring an additional 62,610 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Visteon by 5.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after buying an additional 45,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after buying an additional 124,897 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VC shares. UBS Group reissued a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. Royal Bank of Canada cut their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Barclays reissued an "equal weight" rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Morgan Stanley cut their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Finally, TD Cowen started coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 target price for the company. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Visteon presently has an average rating of "Hold" and a consensus target price of $96.25.

Visteon Stock Down 1.2%

Visteon stock traded down $0.99 during trading hours on Friday, reaching $83.01. The stock had a trading volume of 262,133 shares, compared to its average volume of 313,258. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The business's 50 day moving average price is $78.35 and its 200-day moving average price is $84.29. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company's revenue was up .1% on a year-over-year basis. Sell-side analysts anticipate that Visteon Co. will post 8.42 EPS for the current year.

Visteon Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.